Power & cooling
Quanta Services
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Quanta Services builds power and utility infrastructure. Its 50:50 joint venture with Zachry covers engineering, procurement and construction for a NiSource generation program, with Quanta performing civil, structural, mechanical and electrical field work.
Earnings and disclosures
Latest verified results: Q2 2026 · Released 2026-07-30
Next results: 2026-10-29 · Q3 2026 results.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For Q2 2026, Quanta reported $9.56 billion of revenue and $451.4 million of net income. Cash and available senior-credit commitments totaled $2.77 billion at June 30. Those diversified company measures are not the NiSource program’s revenue or profit.
investors.quantaservices.com · 2026-07-30 ↗ · investors.quantaservices.com ↗
Delivery and commitments
The approximately 3 GW generation program was in design and estimation, with execution expected in 2026 subject to approvals and phased completion through 2032. NiSource’s Amazon agreement establishes a data-center demand connection, but not completed generation or energized customer load.
Costs, funding and dependencies
Regulatory approvals, customer commitments, construction sequencing, equipment and labor affect delivery. Year-end 2025 Electric Infrastructure backlog did not meaningfully include the program; adding the full announced investment to Quanta’s backlog or sales would overstate its economic share.
investors.quantaservices.com ↗ · investors.quantaservices.com ↗
What to watch next
Watch approvals, awarded work packages, construction starts and phased acceptance. The program’s long buildout should be tracked by specific contracted scope, rather than assuming every announced phase has begun.
investors.quantaservices.com ↗ · investors.quantaservices.com ↗
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
No named tracked-project role has been established by the evidence used for this profile. This does not mean the company has no AI exposure.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.